Evidence is building that China and Russia’s long-haul passenger plane won’t arrive on time
Key Points
- China and Russia want their CRAIC CR929 aircraft to challenge Airbus and Boeing’s duopoly.
- Debate surrounds whether the 2025 delivery date is possible.
- Both Boeing and Airbus have predicted stellar growth for aircraft demand.
The date for the first flight of a long-haul passenger plane jointly developed by China and Russia looks set to slip.
State-owned companies in Russia and China have been working together on a wide-body jet program since 2014 and was originally planned to enter the market by 2025.
Russia’s United Aircraft Corporation (UAC) and the Commercial Aircraft Corporation of China (COMAC) are building the CR929, a long-range, 250-320-seat, wide-body plane powered by two engines. The joint venture, headquartered in Shanghai, operates under the name CRAIC.
CNBC reached out to UAC and COMAC but a comment was not immediately available.
https://www.cnbc.com/2019/08/20/chin...nd-boeing.html
Anyone who's knows/been to Ireland will be 'aving a larf at the projects name ... Craic